Description
Rare South End development opportunity. Seller received ZBA approval (2019) to alter the existing structure from 1.5 floors to 4 floors. Increasing the total number of units from 4 (2 commercial/2 residential) to 8 (2 commercial /6 residential). 1st floor (commercial units) Unit A 1444 sqft, Unit B 902 sqft. 2nd floor: Unit A 1424 sqft 2 bed/2 bath, Unit B 1518 sqft 2 bed/2 bath. 3rd floor Unit A 1424 sqft 2 bed/2 bath, Unit B 1518 sqft 2 bed/2 bath. 4th floor Unit A 1424 sqft 2 bed/2 bath, Unit B 1518 sqft 2 bed/2 bath. Seller previously operated their dental practice out of the building, but has relocated the practice and the space is currently vacant. A barbershop currently leases approximately 350 sqft on the first floor at $2035/month TAW. A pizza shop currently leases unit 2 at $6390/month. Current lease term runs through April 30, 2025. The two residential units are leased for $2200/month and $2000/month. Both tenants are TAW.
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12BEDS
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0.09ACRES
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12BATHS
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01/2 BATHS
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11,172SQFT
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$470$/SQFT
School Ratings & Info
Description
Rare South End development opportunity. Seller received ZBA approval (2019) to alter the existing structure from 1.5 floors to 4 floors. Increasing the total number of units from 4 (2 commercial/2 residential) to 8 (2 commercial /6 residential). 1st floor (commercial units) Unit A 1444 sqft, Unit B 902 sqft. 2nd floor: Unit A 1424 sqft 2 bed/2 bath, Unit B 1518 sqft 2 bed/2 bath. 3rd floor Unit A 1424 sqft 2 bed/2 bath, Unit B 1518 sqft 2 bed/2 bath. 4th floor Unit A 1424 sqft 2 bed/2 bath, Unit B 1518 sqft 2 bed/2 bath. Seller previously operated their dental practice out of the building, but has relocated the practice and the space is currently vacant. A barbershop currently leases approximately 350 sqft on the first floor at $2035/month TAW. A pizza shop currently leases unit 2 at $6390/month. Current lease term runs through April 30, 2025. The two residential units are leased for $2200/month and $2000/month. Both tenants are TAW.
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